Member Info for oxygen

A few ISA top ups won’t offset how the Institutional Market is responding but this shake out is now delivering plenty of attractive longer term prospects, unfortunately we’re currently not in that basket.

Hopefully AB is now playing hardball…agree the Deal by 2.00pm or it’s off !

This is all a bit like Buses, first Trump and his Tariffs, then OPEC announce another 411k bpd release from May, and next ? …Deal or No Deal or Extn. Haven’t a clue !

In a couple of weeks we should get a FY Trading Update, I expect any Outlook will be rather cautious given our significant USA exposure & operations in Mexico/ Vietnam etc. Thus reluctantly have reduced exposure here, for the first time in years. Need stability and a clearer pathway to emerge before buying back in . GLA.

Perhaps best if AVCT just Manufactured anti-depressants, we’d make a fortune selling to impatient investors.

That’s an interesting strategy on how to lose control of your money leading up to Suspension !

Lovely, above my expectations.

Oct23. My understanding is Enquest Producer ( FPSO) remains warm stacked but of course we sold 15% to Viaro together with 15% Interest in Bressay, so can’t imagine AB will be offering that escape route to Serica, but will be at the back of AB’s head should Bressay hit obstacles, that’s if he’s still interested in a deal. We just need to be thankful Tritons issues surfaced when they did.

Waldorf won’t be too happy either they hold 2% interest. AB will be nervous given this aging problem.

“ Serica believes there are substantial potential benefits to the Possible Transaction” a comment met with silence by EnQuest !. I’m fairly lukewarm to this unless AB drives a hard bargin. Much prefer we buy producing assets for cash which may still happen thus would be no real loss if Serica fall away, and let them sort their Triton FPSO out !

Clued. There is an explanation under Taxation Notes, which may help.

Would think your Chancellor is delighted that a $1.2bn pre- tax profit gets turned into a Net Loss from an effective 108% Tax Rate and still the Company keeps going, to only get hit again next year. Seems the UK is internally combusting from its own O&G !

Well at least without a Product we won’t be subject to any Tariffs anytime soon, but carnage across the Pond as Markets realise who’s actually paying. Q. is will the UK be next, that could be fun.

Glad some of you aren’t in the military, this is a time for cool heads , but credit to GSA they first saw the elephant !

Ice. Think most of the staff would prefer getting paid in cash, bit difficult trying to settle your monthly Mortgage with intellectual property rights !

Many LTH’s will just hang on here, await the dilution with the expectation the science will ultimately save them. Disappointed the DX sale hasn’t yet materialised, suspect Mgmt can’t yet get the required price but that’s the Market we’re now in, with SH’s left dangling and Directors not feeling the same pain !

At least all those years Adrian spent at Snr Management Courses on perfecting the art of talking Bullshxt were not wasted !

Nearly bought in here last year but visited one of their Retail Sheds first, what a depressing experience with non food stuffed full of cheap dubious quality merchandise clearly aimed at a target Market who will currently be struggling, so little surprise of todays announcement. Happy to have avoided.

I see the Times now believes WG is in ‘Debt for Equity ‘ territory without meaningful cash flow. No doubt any new CFO will throw the kitchen sink at this, so as not to sully his own reputation !

Those Director buys back in ‘21 at over £10 a pop don’t look that inspired today ! Thankfully exited long ago.